earnings
confidence high
sentiment negative
materiality 0.75
UWM Holdings posts Q1 net loss of $247M; originations up 17% YoY to $32.4B
UWM Holdings Corp
2025-Q1 EPS reported
-$0.12
revenue$613,370,000
- Net loss of $247M ($0.12 diluted EPS loss) vs net income of $180.5M in Q1 2024; revenue of $613.4M up 5% YoY.
- Loan origination volume $32.4B (highest Q1 since 2022), up 17% YoY; purchase flat at $21.7B, refi surged to $10.6B from $5.5B.
- Total gain margin 94 bps vs 108 bps in Q1 2024; adjusted EBITDA $57.8M vs $101.5M.
- Board declared $0.10/share dividend payable July 10, 2025, record June 18, 2025; unchanged from prior quarter.
- Q2 2025 outlook: production $38-45B, gain margin 90-115 bps; management cites ability to scale with rate changes.